Archive for the ‘Home Front’ Category
Forbes magazine did an interesting study last month on the cities where consumers are carrying the heaviest credit card debts. The results probably won’t shock you: California and Florida, the twin hubs of the foreclosure crisis, are also the…
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U.S. Rep. Doris Matsui of Sacramento, a Democrat representing one of the nation’s hardest hit cities and regions for foreclosures, has inserted her legislation to crack down on "foreclosure consultants" into H.R. 2309, the Consumer Credit and Debt Protection…
Attorney General Jerry Brown says foreclosure rescue consultants must register with his office by July 1 and post a $100,000 bond to continue doing business in California. This might help separate some wheat from chaff in a business that has…
Way back in the late summer of 2006 I wrote my first big story about the reappearance of "short sales," a compromise kind of transaction that swept over Texas in the 1980s oil bust and California during the 1990s military…
Here’s a story that slipped by me just before a vacation last week (nephews graduating from high schools in Ohio). A new federal law says renters can stay in their homes, foreclosure or not, until their lease ends – and…
I’ve written about this before, so forgive me. I’m still struck by the weird dual track of the economy. Today the stock market soared on news of encouraging economic data. Yet this was the very same day…